Fare Basis (Code): The sometimes confusing code or codes on which the price of an airline ticket is based. Some itineraries contain many different codes. Most will indicate whether a fare is refundable or not. If even one fare code contained in a ticket is nonrefundable, then the entire ticket becomes nonrefundable. Even some first class fares are now nonrefundable.

 

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Fare Basis (Code): The sometimes confusing code or codes on which the price of an airline ticket is based. Some itineraries contain many different codes. Most will indicate whether a fare is refundable or not. . . . View Full Definition

Lowest Fare Guarantee: Travel agency’s promise to provide clients the lowest fare available when reservation is confirmed.

Lowest Fare: The lowest published airfare between two cities; may not have seats available at that fare, as the airlines usually have a limited number of those seats on any given flight.

Lowest Available Fare: The lowest available fare at the time of purchase, this fare is subject to change without notice to the customer.